OPEC+ likely to agree on additional oil output hike: Report

Eight OPEC+ members will likely raise oil output in a meeting on Sept. 7

Eight members of the OPEC+ group are likely to raise oil output in its meeting on Sept. 7, though the increase from October may be smaller than in previous months amid expectations of slowing global demand, Reuters reported, citing two OPEC+ sources.

One source said member states may lift output by 135,000 barrels per day (bpd) in October, while another source indicated the hike could range between 200,000 and 350,000 bpd next month.